SunlandCorporation had net income of $1940000 and paid dividends to common stockholders of $310000 in 2017. The weighted average number of shares outstanding in 2017 was 242500 shares. Sunland Corporation's common stock is selling for $56 per share on the NASDAQ. Sunland Corporation's price-earnings ratio is

a.14 times.

b.6 times.

c.7 times.

d.8 times.

2.Given the following data for the Concord Company: Current liabilities $ 530 Long-term debt 460 Common stock 730 Retained earnings 780 Total liabilities & stockholders equity $2500 How would common stock appear on a common size balance sheet?

a.21.2%

b.71.2%

c.29.2%

d.31.2%